Aite Group senior analyst Denise Valentine weighs in on President Trump's directive to halt the Department of Labor's Fiduciary Rule.
Boston, February 03, 2017 – "After hanging in limbo the Presidents’ directive today regarding the DOL fiduciary rule ends the cliffhanger" says senior analyst Denise Valentine. "The table is cleared and one hopes that the polarized American political system may find a way forward that acknowledges accountability, makes timeframes realistic and furthers a trusted relationship between financial advisors and clients. The term fiduciary successfully exists in the financial industry, the reversal will inspire plenty of questions from retail clients who received the talking points to-date," says Valentine.
To learn more about the impact of the DOL fiduciary rule on the financial services industry, please check out the following reports by senior analyst Denise Valentine:
- DOL Fiduciary Rule: Has the Train Left the Station?
- DOL’s Fiduciary Rule: How One Word Changes an Industry
About Aite Group:
Aite Group is a global research and advisory firm delivering comprehensive, actionable advice on business, technology, and regulatory issues and their impact on the financial services industry. With expertise in banking, payments, insurance, wealth management, and the capital markets, we guide financial institutions, technology providers, and consulting firms worldwide. We partner with our clients, revealing their blind spots and delivering insights to make their businesses smarter and stronger. Visit us on the web and connect with us on Twitter and LinkedIn.